In 2012, Panama City has over 200 condominium
buildings over 20 stories tall being constructed. The city is experiencing a complete
infrastructure overhaul with brand new Volvo busses with air conditioning
replacing its entire fleet of public busses.
A new metro 13 kilometer subway system is under construction which will
provide new, sleek, modern subway trains from Panama City’s international
airport through the center of the city to Albrook where one of the largest
malls in Panama and its largest inter-nation bus terminal and domestic airport
are located.
Panama Real Estate Investment Opportunities
Panama’s beautiful beaches located on the
Pacific and Atlantic oceans are seeing new resorts being built with
infrastructures to support them. Panama
has over 1,000 islands where several of them are seeing new infrastructures and
resorts which will make Panama one of the most popular beach resort
destinations in all of Latin America.
Tourism has been rising by an annual average
of 10% since 2005. Panama has laws
encouraging tourism development by foreigners which is now experiencing a spike
in new hotels across the country.
Easy to Relocate to Panama
Panama has the most liberal immigration laws
in Latin America with over 15 immigration visas and permanent residency
programs inviting foreigners to relocate to Panama. In May of 2012 Panama’s President issued a
Decree for citizens of 24 friendly nations to quickly and easily become
permanent residents by starting or purchasing Panama businesses. In addition, foreign workers from these
countries hired by a Panama company can also apply for this permanent residency
visa. More countries are expected to be
included.
Foreign Investments in Panama are Rising
Real estate investments by foreigners in
Panama have also been rising every year since 2005. The United Kingdom’s largest real development
company, London & Regional, is building an entire city to service the
Panama Canal Zone with a freight airport and high tech companies, airplane and
boat maintenance & repair companies, freight companies, and over 130
internationally based corporations setting up offices.
Take advantage of Panama’s booming real
estate market by visiting,
relocating, or investing.
Panama is Safe to Invest in Real Estate
Purchasing Panama Real Estate is safe and
secure for foreigners who have the same rights as Panamanians.
Purchasing real estate in Panama includes
title deeds which are recorded in a Public
Registry just like in the U.S. and Canada.
The U.S. State Dept. verified this fact when
it declared several years ago that: “Titled land, and the process of buying this,
is similar in concept to that of the U.S., and land deeds are duly recorded
with the Public Registry…”
Panama’s Constitution states that property
ownership by foreigners will be treated the same as its citizens. Property ownership is an inherent right under
Panama’s Constitution.
Panama has Created Laws to Protect Foreign
Investments
Law 54 of 1998: Foreign Investor Protection
Law
Panama created Law 54 in 1998 to protect
foreign investments. It is clear by
declaring that foreign investors in Panama along with their businesses have
equal rights as its citizens. Foreigners
have the freedom to participate in trade, industry, exporting, and
importing. The profits earned by
foreigners through their investments can be disposed of as they see fit.
This includes capital, dividends, earned
interest, and profits. Foreigners have
the right to commercialize their goods, products, and other investments in
Panama. In addition, foreigners will
have 10 years of stability in regards to continuity of the laws regarding
taxation, customs, labor, and municipality rules.
In conclusion, Panama is a safe country to
invest in with laws protecting private ownership and foreign business.
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